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2014 (2) TMI 228 - AT - Income TaxExemption u/s 11 r.w Section 12 of the Act – Held that:- The decision in Commissioner of Income Tax Versus M/s. All Saints College Society, M/s Sherwood Diocesan College Society [2014 (1) TMI 1081 - UTTARAKHAND HIGH COURT] followed - The assessees are trusts established wholly for the purposes of imparting education - They received contributions from their pupils for the purpose of imparting education to them - Merely because the assessees made contributions to other trusts, also registered under Section 12A of the Act and because, in some of the years, their revenue was more than their expenditure; despite non-cancellation of their registration under Section 12A of the Act, the Assessing Authority, in a most blatant manner, held that the assessees are not entitled to the benefits of Sections 11 and 12 of the Act - The order of the Commissioner (Appeals) upheld in holding the assessee society entitled to the benefits of Sections 11 and 12 of the Act – Decided against Revenue.
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